Investment 731 m² in Limassol, Cyprus

Cyprus, Limassol
$2,55M
$3,483/m²
;
ID: 3389360
Property ID on Realting
In CRM: 57364
ID of the ad on the website or in the company’s CRM
Last update: 04/04/2025

Location

  • Country
    Cyprus
  • Region
    Limassol District
  • City
    Limassol

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $3,483/m²
  • Total area
    Total area
    731 m²

Description

A rare investment opportunity in the Historical Center of Limassol in Katholiki Quarter, located on the highly sought-after Eleftherias Street. This two-storey mixed-use listed building offers significant potential for developers and investors.Property Details: Land Area: 596 m² Building Size: 731 m²  Additional Building Factor: 223 m² Building Density: 140% Why This Property Stands Out: Prime Location: Heart of the historic center. Ready for Renovation: All permits secured (the new owner can choose to modify the permits and/or use. Suitable for shops, apartments, boutique hotels, offices, university accommodation, multipurpose open plan space, etc). Financial Incentives: Eligible for up to 40% renovation reimbursement. Excess building factor (223 m²) can be sold or transferred. Tax exemption of the rents collected by the owner. Exemption from property tax. Return of transfer fee & other various Government Incentives. Investment Potential: With renovation approvals in place and additional building rights, this property’s value is set to grow significantly.

Location on the map

Cyprus, Limassol
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